UNITED NATIONS, N. Y. (May. 28)
The Governing Council of the United Nations Special Fund for Underdeveloped Countries today approved the 13 projects recommended by managing director Paul Hoffman, including a $320, 000 pilot project for watershed management in Israel.
However, it was not certain when the project would begin because many of the countries which pledged to contribute to the Special Fund have not yet done so. Addressing the Governing Council, Mr. Hoffman revealed that instead of the $100, 000, 000 which was anticipated by the expanded technical assistance program, only $56, 000, 000 was now expected, of which $26, 000, 000 was allotted to the Special Fund. This leaves the Fund $66, 000, 000 short, Mr. Hoffman said.
The United States had pledged $38, 000, 000 to the Technical Assistance and the Special Fund, subject to the condition that its contribution would not exceed 40 percent of the total contributions to the two funds. Because other countries have not met their share, $15, 000, 000 of United States funds appropriated by Congress are not available.